Most municipalities require a minimum 30 day rental period, and some even limit the number of renters a year to 4. 

Some loan packages require staying in the home for a period of time.

I have a strict no evictions in the last five year policy and no previous landlords in collections policy period.

I have a HUD property that I have got in New Jersey and I’m trying to get a septic tank and well inspection done in the inspection period.

An update,I was leaning toward the SFH without seeing it inside as I know the layout, I know it needs floors and wall work and so on.

The home is in need of renovations but not the tenant side , which was updated to newer finishes 8 years ago.

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

I've never done it, but I wonder if a possibility in some situations is simply to tie up the property through a legal proceeding so that the seller can't sell it with clean title to anyone else for an extended period of time.

I would love more advice and I will keep this post updated until they vacate / the outcome. 

Update as an FYI: He said the information is not on the IRS website and is IRC 469, so he will not take the deduction and in fact will not file my taxes if I want to take the deduction.What a waste of the $225 I now have to pay him.